AOK 0.00% 0.3¢ australian oil company limited.

reserve report is out, page-15

  1. Dis
    3,741 Posts.
    Had a brief chat to DL re: the report.

    Essentially the reserve report is a huge document and the numbers have been presented as summarised in the document. He will look at presenting a breakdown at the quarterly which may shed some clarity.

    One thing he did emphasise in that due to the way in which numbers are calculated
    1) As they drill in more locations, reserves will move up the ladder to the 1P category
    2) Not all the acres meet the criteria for reserves because the drilling is as yet too far away. So some acres in Snake river and most acres in Cooper / Colby are not yet contributing to the presented numbers.

    Hope that helps.
 
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